View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Phil Green concocts __________.
(a) One of the worst displays in Wal-Mart history.
(b) One of the most famous displays in Wal-Mart history.
(c) One of the most expensive advertising campaigns in Wal-Mart history.
(d) One of the most rediculous Wal-Mart stunts in history.

2. What does Sam admit was the biggest mistake of his business career?
(a) Purchasing this Ben Franklin.
(b) Purchasing of a shopping center.
(c) Purchasing this Kmart.
(d) Purchasing this Woolworth.

3. A number of employees have gained a great deal of financial wealth from ____________.
(a) The profit-sharing program.
(b) Working long hours.
(c) Becoming managers.
(d) Becoming executives.

4. After he and Helen marry, Sam aims to build his family financial structure similar to ____________.
(a) How other wealthy men had built their fortunes.
(b) How his boss created his fortune.
(c) How his father had created their family fortune.
(d) How the Robsons created their family fortune.

5. He thinks many of these failed stores would still be open if they had remembered to ___________.
(a) Take care of their customers and employees first.
(b) Be frugal.
(c) Support Wal-Mart.
(d) Hire someone like Sam.

6. Sam starts to hear about discounting companies. He knows that discounting is the way of the future but is fully immersed in what?
(a) Variety stores.
(b) Boutiques.
(c) Discount stores.
(d) Franchising.

7. Do Sam's kids feel as though Sam was not around during their childhood?
(a) Often.
(b) Sometimes.
(c) Yes.
(d) No.

8. Ever since Sam took out his first bank loan, he has not been comfortable or happy with ___________.
(a) Debt.
(b) Banks.
(c) Spending.
(d) Money.

9. Why does Sam tell Abe Marks that he does not need their systems?
(a) His systems are faulty.
(b) He does not have enough money.
(c) Computers are a waste of time.
(d) He is a retail genius.

10. What do the Walton kids all have to do?
(a) Play instruments.
(b) Study business.
(c) Study.
(d) Jobs.

11. When he is 14, Sam saves a boy from ____________.
(a) Getting hit by a car.
(b) A wild boar.
(c) Starving to death.
(d) Drowning.

12. Sam is about to graduate with a degree in business and has plenty of energy, but is unsure ___________.
(a) Where he wants to live.
(b) If he wants to go to graduate school.
(c) Where his future lies.
(d) If he wants to be in business.

13. Right away, Sam looks for other store opportunities and drives to Fayetteville to find a store whose only competitor is _________.
(a) Woolworth.
(b) Ben Franklin.
(c) Meijer.
(d) JC Penney.

14. While debating the idea of going public, Sam flies around looking for _________.
(a) Locations for new stores.
(b) Another $1.5 million loan.
(c) Someone to legally represent him.
(d) New executives.

15. What do Sam and Bob have Sam's son Rob do for them?
(a) Find a way to avoid paying taxes, so they can start to get out of debt.
(b) Look into the legal aspects of going public and issuing stock shares to the public.
(c) Sue another company, so they can pay off their debts.
(d) Find a good lawyer to look into the legal aspects of going public and issuing stock shares to the public.

Short Answer Questions

1. The one mistake that Helen cannot forgive Sam for _________________.

2. Sam's father, Thomas Gibson Walton, is a very hard worker who was later remembered for _____________.

3. He learns from a very early age that children should do what?

4. What is significant about Sam's bet regarding being an Eagle Scout?

5. At the time, nobody wants to invest in the idea with Bud putting only 3 percent into it and another manager from Texas putting in 2 percent. Other than that, Sam had to come up with what percent of the financing on his own?

(see the answer keys)

This section contains 656 words (approx. 3 pages at 300 words per page) View a FREE sample